Copper Daily Price Recap
The choppiness in the recent daily price action of Copper continues; to start today, it came in at a price of 2.441 US dollars, down 0.89% ($0.02) since the day prior. Copper outperformed all 5 assets in the metals asset class since the day prior. Below is a daily price chart of Copper.
Copper Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Copper’s price has gone up 9 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Copper:
- From bobbyoflondon:
#ARS Copper price up 15%+ & Gold 8%+ since Aeturnum took a 20% stake in Asiamet. During this time they have been doing due diligence on a significant project level investment too. These commodity price increases since March must make a big positive difference to the bottom line!
- From michelle_d_ong:
PHILEX MINING swings to P-103-M profit in Q1 2020 (from Net Loss of P112-M in 1Q2019) driven by the positive momentum in the business operations beginning 3Q2019; says gold spike (Up 23%) offset weaker copper price @ANCALERTS
- From BATTcables:
Copper price on 20 May 2020, £4,348.50 per tonne.